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Jun 30, 2020
SI-BONE Q2 2020 Earnings Report
Reported financial results with revenue decreasing by 14% year-over-year due to the COVID-19 pandemic.
Key Takeaways
SI-BONE, Inc. reported a decrease in revenue for the second quarter of 2020, primarily due to the impact of the COVID-19 pandemic on case volumes. Revenue was $14.0 million, a 14% decrease compared to the previous year. The company completed debt refinancing and obtained positive coverage by Aetna.
Revenue of $14.0 million for the second quarter 2020, representing a 14% decrease over the corresponding period in 2019.
U.S. revenue of $13.2 million for the second quarter 2020, representing a 12% decrease over the corresponding period in 2019.
Completed debt refinancing of $40.0 million term loan.
Obtained positive coverage by Aetna, the third largest commercial health plan in the United States with over 22 million members.
SI-BONE
SI-BONE
SI-BONE Revenue by Geographic Location
Revenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Due to the evolving environment and continued uncertainties from the impact of COVID-19, SI-BONE has withdrawn its previously announced guidance for the full year 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income